Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says: […]
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll […]
Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight […]
For homebuyers in Maryland, DC, and Northern Virginia today, there are many choices associated with local real estate. From when to buy or when to sell, which mortgage type is best and which community is the best fit, there is also one other important question homebuyers must ask themselves— new construction or existing? The prices […]
If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But that doesn’t mean the […]
As winter blankets the DC Metro real estate market with a serene layer of snow, house hunters brave the cold in search of their dream home. While the winter months can offer unique advantages, such as less competition and potentially lower prices, it’s crucial to be vigilant and identify potential red flags during your winter […]
Crafting the best offer as a Metro DC home buyer can make all the difference between securing your dream home and losing out to other prospective buyers. Whether you’re a first-time homebuyer or an experienced one, below is a step-by-step guide to help you write an irresistible offer. Understand the Market Before you make an […]
In the ever-changing real estate market, low inventory can have a surprising upside for home sellers. While it may seem like a challenging situation at first glance, limited housing supply can actually work in favor of those in the Washington DC area looking to sell their homes. Let’s take a look at some ways in […]
When shopping for homes in Washington DC, Bethesda, Chevy Chase, or the surrounding areas, there are dozens of features to look over and factors to consider. For instance, how many bedrooms does the property have? What does the yard look like? How close is the home to your workplace? What are the school districts like? […]
With rising mortgage rates, home prices, inflation, and the lack of homes for sale in Metro DC, there are many reasons to be frustrated when looking to buy a home right now. And while it may feel challenging to both find a property and close the deal, there may be good news on the horizon. […]
